Securities  and  Exchange  Commission
                               Washington  DC  20549
                                   Form  10-KSB

GENERAL  FORM  FOR  REGISTRATION  OF  SECURITIES  OF  SMALL  BUSINESS  ISSUERS

[X] Annual  Report Under Section 13 or 15(d) of the  Securities  Exchange Act of
1934:  For  the  fiscal  year  ended  December  31,  2003

[ ] Transition  Report Under Section 13 or 15(d) of the Securities  Exchange Act
of  1934:  For  the  transition  period  from__________  to____________

Commission  file  number  0-29987
                        -------------

                         Global  Links  Corp.
                  ------------------------------------
                 (Name  of  Small  Business  Issuer  in  its  charter)


            Nevada                                 88-0106514
            ------                                 ----------
      (State  or  other  jurisdiction  of           (I.R.S.  Employer
       incorporation  or  organization)           Identification  No.)

        4600  East  Sunset  Road,  Suite  320,  Henderson,  Nevada
        ------------------------------------------------------------
                    (Address  of  principal  executive  offices)

                                 (702)  436-7007
                                 ----------------
                            Issuer's  telephone  number

        Securities  registered  under  Section  12(b)  of  the  Act:  NONE

        Securities  registered  under  Section  12(g)  of  the  Act:

          $0.001  Par  Value Voting Common Shares             OTC Bulletin Board
          ---------------------------------------             ------------------
                  (Title  of Class)                        (Registered Exchange)

Check whether the issuer (1) filed all reports  required to be filed by Sections
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.  [X]Yes [ ]No

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  contained in this form, and no disclosure will be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated  by reference  in Part III of this Form 10-KSB or any  amendment to
this  Form  10-KSB.  [ X ]

The  issuers  revenues  for  the  year  ended  December  31,  2003.  131,830

                                       1

<PAGE>
The aggregate  market value of the voting and  non-voting  common equity held by
non-affiliates  based on the average bid and asked price of such common  equity,
as  of  March 31,  2004  was  $1,941,000.

The  number of shares outstanding of each of the issuer's classes of such common
equity,  as  of  March  31,  2004,  was  97,032,799  shares  of Common Stock and
8,835,000  shares  of  Series  B  Preferred  Stock.

Transitional  Small  Business  Disclosure  Format  (check  one):  Yes___;  No_X_

                                       2

<PAGE>

                                     PART  I

ITEM  1.  DESCRIPTION  OF  BUSINESS.

        Organization  and  General  History
Global  Links Corp. (hereinafter referred to as "Global Links" or the "Company")
was  formed as a corporation under the laws of the State of Nevada in 1952 under
the  name  "Blue  Jacket  Mining  Company".  In  December  1994  the  Company's
shareholders  approved a reverse merger with United Casino Corporation, a Nevada
Corporation,  and  the  Company's name was changed at that time to United Casino
Corporation.  In  August,  2000,  the Company's name was again changed to United
Trading.Com,  and  in  December 2001, the shareholders approved a name change to
Global Links Corp. The Company had 2 contracts each outstanding for the licensed
use  of  its  casino and sports book software at March 31, 2001. These contracts
were  cancelled  effective  June  30,  2001  and replaced by a License Agreement
calling  for  7  1/2  percent of the net revenues from the Licensee's use of the
Software  for  its own account or from any sub-license of the Software While the
holder  of the 7 1/2% net revenues license agreement has reported an increase in
receipts  from  player  activity  on  its  Internet site, there have been no net
revenues to date, and there can be no assurance that there will ever be any such
net  revenues.  In 2002, the Company decided to pursue the business of marketing
electronic transactions by offering a suite of comprehensive electronic products
and  proceeded  to  establish relationships with various companies which provide
such products and others which specialize in the marketing of these products. In
2003,  the Company merged with Capitol Group Holding Corporation and in addition
to  the  marketing  of electronic transactions products, the Company has entered
the  business  of  real  estate  acquisitions  and  development,  real  estate
information  services  and  international  housing  projects


-     BUSINESS  OF  ISSUER
      --------------------

The  company  is  currently  focused  in  four markets. The previous business of
electronic  transactions  is  ongoing. In addition, real estate acquisitions and
development, real estate information services and international housing projects
comprise  the  total  scope  of  business.

The  Company  anticipates  cash  requirements  to  Be approximately $300,000 for
operations in 2003. Over the next twelve months we intend to develop revenues by
developing  specific target markets. We believe that the Company will be able to
generate  sufficient  revenue from ongoing sales in our information division and
through  the  sale  of  non-performing  assets.

The  Company  does  not currently rely on the availability of any raw materials.

The Company intends to apply for patents and copyrights when deemed appropriate.
Currently  there  are  no  patents  or  copyrights  held  by  the  Company.

During  the  Company's  current  stage  of development there are no governmental
Approvals  Required  for  any  of  the  Company's  activities.

The  Company  is  not  currently  expending  any  resources  on  research  and
development.

The  Company  does  not believe that its current or near term planned operations
will  require  approval  under  existing  environmental  laws.

The  Company  currently  has  Five  full  time  employees. The Company expects a
requirement  for  three  additional  individuals  in  2004  for  marketing  and
accounting  control.

                                       3

<PAGE>

Item  2  DESCRIPTION  OF  PROPERTY.
        -----------------------

The  Company  currently  leases  office  space  in  Henderson,  Nevada  for  its
principal  operating  activities.  The  lease  is on a month to month agreement.

The  Company  has  no  official  policy  with respect to any investments in real
estate  however  the company is negotiating the lease of an office building with
an  option  to  purchase.  The  plan  is  to  acquire  an executive suite office
building.  The  company  will occupy as many offices as needed and lease out the
remainder  to outside businesses. This is expected to greatly reduce the overall
cost of office space to the company, and allow for future expansion with limited
costs.




Item  3  LEGAL  PROCEEDINGS.
        -----------------

The  Company  is  not  a  party  to  any  pending  legal  proceedings.


ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

None


                                     PART  II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELTED  STOCKHOLDER  MATTERS
         -----------------------------------------------------------------------
STOCKHOLDER  MATTERS.
-------------------

From  October  10,  2000,  following  the  forward split of the Company's stock,
through  December  20,2001  the  stock  was  traded  under  the  symbol  "UTDT."
Effective December  20,  2001  following  a  one  for eight reverse stock split,
thru  February  28,  2003,  the  stock was traded under the symbol "UDTC."  From
March  3,  2003,  through  April  15, 2003 the stock was traded under the symbol
"GLNK."  On  April  16,  through  June  30, 2003, the stock was traded under the
symbol  "GLKS."  Effective  July  1,  2003,  with  the merger with Capitol Group
Holdings,  the symbol was again changed to GBLL and has continued to trade under
that  symbol.
Quotations for the Company's stock are published  on  the  OTC  Bulletin  Board.
The  high  and  low  sales  prices  for  each  quarter  for  the  years
ended  December  31,  2002  and 2003 adjusted for all forward and reverse splits
were  as  follows:

          Quarter  Ended                 Low                    High  *
          --------------            ---------------        ----------------


          March  31,  2002                1.60               12.00
          June  30,  2002                 1.20                8.00
          September  30,  2002            1.00                8.00
          December  31,  2002             0.32                4.20

          March  31,  2003               $0.040              $0.480
          June  30,  2004                 0.060               0.300
          September  30,  2005            0.030               0.110
          December  31,  2006             0.010               0.070

*  Prices  adjusted for 1/8 reverse stock split effective December 21, 2002, and
1/40  reverse  stock  split  effective  April  16.

Quotations  for  Global Link's common stock reflect inter-dealer prices, without
retail  markups,  markdowns  or  commissions  and  may  not  represent  actual
transactions.

                                       4

<PAGE>

-     HOLDERS
      -------
The  number  of  holders  of  the  Company's  common  stock as of Dec. 31, 20032
was
approximately  600
These  numbers  do  not  include  an  indeterminate number of stockholders whose
shares  may  be  held  by  brokers  in  street  name.

-     DIVIDENDS
      ---------

(1)     No  cash  dividends have been declared on any stock of the Registrant in
the  last  two  fiscal  years.

(2)     The  Registrant  does  not plan to pay dividends on common equity in the
foreseeable  future.




     RECENT  SALES  OF  UNREGISTERED  SECURITIES
     ---------------------------------------
The  Table  below  summarizes  the  information  required  for  all the sales of
unregistered  securities  by  Registrant  for  the  past  3  years.

<TABLE>
<CAPTION>

Date      Shares*         Base Rules Relied        Shareholder      Consideration other
          of common       upon for Exemption         Name or             Than Cash
          stock           from Registration**         Class
        ---------------  --------------------     --------------    -------------------
<S>     <C>              <C>                      <C>               <C>
                         --------------------     --------------    --------------------
                         Section 4(2) of the      Ellshay, LLC      Consulting Services
May-02            3,750  Act.                     a Calif. corp     Valued at $9,000

                         --------------------     --------------    --------------------
                         Regulation S &           BFI Ltd.          Consulting Services
May-02            7,500  Section 4(2) of the      a Cook Is.        Valued at $18,000
                         Act.                     Corp
                         --------------------     --------------    --------------------
                         Section 4(2) of the      Corp.             Stock in lieu of
Jul-02           22,498  Act.                     Directors.        Compensation
                                                                    Valued at $22,500
                         --------------------     --------------    --------------------
                         Section 4(2) of the      Ellshay, LLC      Consulting Services
Nov-02            5,000  Act.                     a Calif. LLC      Valued at $3,600

                         --------------------     --------------    --------------------
                         Section 4(2) of the      Mark Ehrlich      Consulting Services
Dec-02           25,000  Act.                     an Individual     valued at $30,000
                                                  Mktg Consultant
                         --------------------     --------------    --------------------
Mar-03          390,925  Section 4(2) of the      James G. Brewer   As reimbursement for
                         Act                      An Individual     expenses and loans to
                                                  Director and      the company in the
                                                  Officer           amount of $15,637
                         --------------------     --------------    --------------------
Apr-03       30,000,000  Section 4(2) of the      Former share-     Acquisition of Capitol
                         Act                      holders of        Group Holdings
                                                  Capitol Group
                                                  Holdings
                         --------------------     --------------    --------------------

                                       5

<PAGE>

*  Prices adjusted for 1/8  reverse  stock  split  effective  December  21,  2001, and 1/40 reverse split effective April 16, 2003.

**  As well as any other available exemptions from registration.


</TABLE>

Item  6  -PLAN  OF  OPERATION
        -------------------

The  company  is  presently  focused  on  building  the  real estate information
business  to  the  public.  This  division is able to operate at very controlled
costs  and  will  produce  a  viable  cash  flow for the company to continue the
operations  of real estate development and acquisition. The expected launch date
of  the  subscription  internet  service  is  August  01,  2004.



     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
     ---------------------------------------------------------------------------
OPERATIONS

MANAGEMENT DISCUSSION

THIS  ANNUAL  REPORT  ON  FORM  10-KSB  CONTAINS  STATEMENTS  WHICH  CONSTITUTE
FORWARD-LOOKING  STATEMENTS  WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES
EXCHANGE  ACT  OF  1934,  AS AMENDED. DISCUSSION CONTAINING SUCH FORWARD-LOOKING
STATEMENTS MAY BE FOUND IN THE MATERIAL SET FORTH BELOW AND UNDER "BUSINESS," AS
WELL  AS  WITHIN  THE  ANNUAL  REPORT  GENERALLY. IN ADDITION, WHEN USED IN THIS
ANNUAL  REPORT,  THE  WORDS  "BELIEVES,"  "ANTICIPATES,"  "EXPECTS,"  "PLANS,"
"INTENDS"  AND  SIMILAR  EXPRESSIONS  ARE  INTENDED  TO IDENTIFY FORWARD-LOOKING
STATEMENTS. FORWARD-LOOKING STATEMENTS AND STATEMENTS OF EXPECTATIONS, PLANS AND
INTENT ARE SUBJECT TO A NUMBER OF RISKS AND UNCERTAINTIES. ACTUAL RESULTS IN THE
FUTURE  COULD  DIFFER  MATERIALLY  FROM  THOSE  DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS,  AS A RESULT, AMONG OTHER THINGS, OF CHANGES IN TECHNOLOGY, CUSTOMER
REQUIREMENTS  AND  NEEDS.  WE  UNDERTAKE  NO  OBLIGATION TO RELEASE PUBLICLY THE
RESULTS OF ANY REVISIONS TO THESE FORWARD-LOOKING STATEMENTS THAT MAY BE MADE TO
REFLECT  ANY  FUTURE  EVENTS  OR  CIRCUMSTANCES.

Because  the Company  lacks  capital,  an  investment in it involves a very high
degree of.risk.

YEAR 2003 COSTS AND CHANGES IN FINANCIAL CONDITIONS
In  2003, the Company received revenues of $130,000 from consulting services and
minor  revenues  from commissions and transaction fees related to its electronic
transaction business,  as  compared  to  no  revenues  in  2002.

In April, 2003, the Company entered into a triangular merger, effective June 30,
2003  to  acquire Capitol Group Holdings Corporation, whose main asset is a real
estate  holding  in  Kingman,  Arizona of 1,000 residential lots which have been
designated  for  an  energy-efficient,  affordable  senior  housing project (the
"Acquisition").  We  intend  to  use  the  assets acquired in the Acquisition to
expand  our core business and product offerings. The total consideration paid by
the Company in connection with the Acquisition consisted of 30,000,000 shares of
our  common  stock  and  3,000,000  shares  of unregistered, restricted Series B
preferred  stock.


RESULTS OF OPERATIONS
The following discussion should be read in conjunction with, and is qualified in
its  entirety  by,  our  Consolidated  Financial  Statements  and  Notes thereto
included elsewhere in this Annual Report. Historical results are not necessarily
indicative  of  trends  in  operating  results  for  any  future  period.

The statements contained in this Annual Report that are not historical facts are
forward-looking statements that involve a number of risks and uncertainties. The
actual results of the future events described in such forward-looking statements
in  this  Annual  Report  could  differ  materially  from  those  stated in such
forward-looking  statements.


ITEM  7.  FINANCIAL  STATEMENTS.

                                       6

<PAGE>


                       GLOBAL  LINKS  CORP.  AND  SUBSIDIARIES

                        CONSOLIDATED  FINANCIAL  STATEMENTS

                           DECEMBER  31,  2002  AND  2003

                                      WITH

                                    REPORT  OF
                           CERTIFIED  PUBLIC  ACCOUNTANT














                                       F-1

<PAGE>

                                  GLOBAL  LINKS  CORP.
                          (A  Development  Stage  Company)
                   INDEX  TO  CONSOLIDATED  FINANCIAL  STATEMENTS

                                                                       Page
                                                                       ----

Independent  Auditor's  Report                                          F-3

Consolidated  Balance  Sheet  as  of  December  31,  2003               F-4

Consolidated  Statements  of  Operations  for  the  years
ended  December  31,  2002  and  2003  and  the  cumulative  period
during  the  development  stage  from  Inception,  December  31,  1994
through  December  31,  2003                                            F-5

Consolidated  Statements  of  Cash  Flows  for  the
years  ended  December  31,  2002  and  2003  and  the  cumulative
period  during  the  development  stage  from
Inception,  December  31,  1994  through  December  31,  2003            F-6

Consolidated  Statements  of  Changes  in  Shareholders'
Equity  (Deficiency),  for  the  years  ended
December  31,  2002  and  2003,  and  from  Inception,
December  31,  1994  Through  December  31,  2003                        F-7

Notes  to  Consolidated  Financial  Statements                  F-8  -  F-11






                                      F-2


<PAGE>

                              WILLIAM  E.  COSTELLO,  CPA
                        16055  VENTURA  BOULEVARD,  Suite  1212
                              ENCINO,  CALIFORNIA  91436

                            INDEPENDENT  AUDITOR'S  REPORT


Board  of  Directors
GLOBAL  LINKS  CORP.


I  have  audited  the  accompanying  balance  sheets  of  Global Links Corp. and
Subsidiaries  as  of  December  31, 2003, and December 31, 2002, and the related
statements of income (loss), changes in stockholders' equity, and cash flows for
the  years  ended.  These  financial  statements  are  the responsibility of the
Company's  management.  My  responsibility  is  to  express  an opinion on these
financial  statements  based  on  my  audit.

I  conducted  my audit in accordance with generally accepted auditing standards.
Those  standards  require that I plan and perform the audit to obtain reasonable
assurance  about  whether  the  financial  statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the  amounts and disclosures in the financial statements. An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
I  believe  that  my  audits  provide  a  reasonable  basis  for  my  opinion.

As  shown  in  the  financial  statements,  the  Company  incurred a net loss of
$677,114  during the year ended December 31, 2003. This factor, among others, as
discussed  in  Note  3,  indicate  that the company may be unable to continue in
existence.  The  financial statements do not include any adjustments relating to
the  recoverability  and  classification  of  asset  amounts  or the amounts and
classification  of  liabilities  that  might  be necessary should the Company be
unable  to  continue  in  existence.

In  my  opinion,  subject  to  the  effects  on the financial statements of such
adjustments,  if  any,  as  might  have  been  required  had  the outcome of the
uncertainty  about recoverability of assets and the amount and classification of
liabilities  referred  to  in  the preceding paragraph been known, the financial
statements  referred  to  above  present  fairly,  in all material respects, the
financial position of Global Links Corp. and Subsidiary as of December 31, 2003,
and  2002,  and  the results of its operations and cash flows for the years then
ended, in conformity with accounting principles generally accepted in the United
States  of  America.



S/William  E.  Costello
------------------------
William  E.  Costello,  CPA
April 14,  2004
Encino,  California
                                      F-3

<PAGE>

<TABLE>
<CAPTION>
                               GLOBAL LINKS CORP.
                        (A Development Stage Enterprise)
                           CONSOLICATED BALANCE SHEET

                            ASSETS
                            ------
                                                        December 31,    December 31,
                                                            2003            2002
                                                                     (Restated see Note1)
                                                        ------------    ------------
<S>                                                   <C>             <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $     1,703     $      4,142
   Deposits. . . . . . . . . . . . . . . . . . . . .          102              127
                                                      ------------    -------------

Total Current Assets . . . . . . . . . . . . . . . .        1,805            4,269
                                                      ------------    -------------

PROPERTY AND EQUIPMENT
   Fixed Assets (Net of depreciation of
       $2,424 and $999. . . . . . . . . . . . . . . .       5,984            7,409
                                                        ----------    ------------

      Total Property and Equipment . . . . . . . . .        5,984            7,409
                                                      ------------    -------------

OTHER ASSETS . . . . . . . . . . . . . . . . . . . .
   Land held for development                            1,800,000        1,800,000
                                                      ------------    -------------
                                                        1,800,000        1,800,000

      Total Assets . . . . . . . . . . . . . . . . .  $ 1,807,789     $  1,811,678
                                                      ============    =============

                 Liabilities and Shareholder Equity

CURRENT LIABILITIES
   Accounts payable. . . . . . . . . . . . . . . . .  $    39,313     $     11,267
   Payable to officers . . . . . . . . . . . . . . .      226,241          222,298
   Loans from officers . . . . . . . . . . . . . . .       47,523           34,724
   Other payable . . . . . . . . . . . . . . . . . .      850,000          850,000
   Income taxes payable. . . . . . . . . . . . . . .            -                -
                                                      ------------    -------------
      Total Current Liabilities                         1,163,077        1,118,289

OTHER LIABILITIES
   Deferred income taxes . . . . . . . . . . . . . .            -                -
                                                      ------------    -------------
                                                                -                -
                                                      ------------    -------------

STOCKHOLDERS' EQUITY
   Preferred Stock par value $0.001 (50,000,000
     Shares authorized, 3,335,000 and none
     issued and outstanding. . . . . . . . . . . . .       3,335                 -

   Common Stock par value $0.001 (500,000,000 shares
     authorized, 37,972,799 and 30,303,125
     issued and outstanding). . . . . . . . . . . .       37,973            30,303
   Additional Paid-in Capital . . . . . . . . . . .    2,913,676         2,296,244
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .  (2,310,272)       (1,633,158)
                                                      ------------    -------------

   Total Stockholders' Equity. . . . . . . . . . . .     644,712           693,389)
                                                      -----------      ------------

      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $1,807,789      $  1,811,678
                                                      ===========     =============
</TABLE>


The accompanying notes are an integral part of these financial statements.

                                                                           F-4

<TABLE>
<CAPTION>
                                         GLOBAL LINKS CORP.
                                 (A Development Stage Enterprise)
                               CONSOLIDATED STATEMENT OF OPERATIONS
                                                                                      Inception
                                                   Year ended       Year ended     December 31, 1994
                                                  December, 31     December, 31          Thru
                                                      2003             2002        December 31, 2003
                                                                        (Restated, See Note 1)
                                                 ---------------  ---------------  ---------------
<S>                                              <C>              <C>              <C>
REVENUES

   Consulting fees. . . . . . . . . . . . . . .  $      130,000   $            -   $      674,894
   Sales. . . . . . . . . . . . . . . . . . . .               -                -          770,000
   Card sales & transaction fees. . . . . . . .              80                -               80
   Commissions. . . . . . . . . . . . . . . . .           1,750               -             1,750
   Interest Income. . . . . . . . . . . . . . .               -                -            3,764
                                                 ---------------  ---------------  ---------------

      Total Revenues. . . . . . . . . . . . . .          131,830               -        1,450,488

EXPENSES

   General and Administrative . . . . . . . . .         118,045           87,130          852,038
   Officer Compensation. . . . . . . . . . . . .         55,225          178,499          234,724
   Consulting Fees . . . . . . . . . . . . . . .        634,250          139,640        1,217,042
   Allowance for Uncollectable Debt . . . . . .               -                -          160,937
   Loss from write-down of software . . . . . .               -                -          538,492
   Loss from write-down of notes receivable . .               -                -          406,067
   Depreciation and Amortization. . . . . . . .           1,425            1,000          166,932
   Loss from activities of NetBet . . . . . . .               -                -          184,528
                                                 ---------------  ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .         808,944          406,269        3,760,760
                                                 ---------------  ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $     (677,114)  $     (406,269) $    (2,310,272)

   Income Taxes . . . . . . . . . . . . . . . .               -                -                -
                                                 ---------------  ---------------  ---------------

Net Income (Loss) After Taxes . . . . . . . . .  $     (677,114)  $     (406,269)  $   (2,310,272)
                                                 ===============  ===============  ===============

Net Income (loss) per
    Common Share, basic and diluted . . . . . .  $       (0.020)  $       (0.026)  $       (0.074)
                                                 ===============  ===============  ===============

Weighted Average number of Common
   Shares outstanding, basic and diluted
   adjusted for 1/50 reverse split in 1999,
    3/1 forward spit in October, 2000,
   and 1/8 reverse split in 2001, and a
   1/40 reverse split in 2003. . . . . . . . . .     34,137,459       30,158,803       31,111,306
                                                 ===============  ===============  ===============


The accompanying notes are an integral part of these financial statements.

</TABLE>
                                                                             F-5
<TABLE>
<CAPTION>
                                         GLOBAL LINKS CORP.
                                  (A Development Stage Enterprise)
                                CONSOLIDATED STATEMENT OF CASH FLOWS

                                                                                       Inception
                                                     Year ended      Year ended       Dec 31, 1994
                                                    December 31,     December 31,         Thru
                                                        2003             2002       December 31, 2003
                                                                        (Restated, See Note 1)
                                                  ---------------  ---------------  -----------------
<S>                                               <C>              <C>              <C>

OPERATING ACTIVITIES
----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . .  $     (677,114)  $     (406,269)   $    (2,310,272)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .           1,425            1,000            143,387
   Loss on disposal of office Furniture & Equip.               -                -             15,972
   Loss on write-off of software for license . .               -                -            538,492
   Loss on cancellation of notes receivable. . .               -                -            406,067
   Common Stock issued for services. . . . . . .         609,450          193,838            803,288
   Changes in operating assets and liabilities:
   Increase (decrease) in Accounts Payable . . .          28,046           (3,812)            39,312
   Increase (decrease) in Payable to Officers. .           3,943          181,877            226,241
   (Increase) decrease in Receivable from
      Software License Sales . . . . . . . . . .               -                -           (406,067)
   (Increase) decrease in Deposits . . . . . . .              25             (127)              (102)
   Increase (decrease) in Deferred Taxes . . . .               -                 -                 -
                                                  ---------------  ---------------    ---------------

Net cash provided by Operating Activities. . . .         (34,226)         (33,494           (543,682)
                                                  ---------------  ---------------    ---------------

INVESTMENT ACTIVAITIES
--------------------------------------
   Decrease (increase) in Property and
      Equipment. . . . . . . . . . . . . . . . .               -           (8,408)           (44,726)
   Decrease (increase) in Software for
      License. . . . . . . . . . . . . . . . . .               -                -           (661,618)
   Decrease (increase) in Land held for Devel. .               -       (1,800,000)        (1,800,000)
  Decrease (increase) in  Organization Costs . .               -                -             (1,190)
                                                  ---------------  ---------------    ---------------

Net cash (used) by Investment activities . . . .               -       (1,808,408)        (2,507,534)
                                                  ---------------  ---------------    ---------------

FINANCING ACTIVITIES
---------------------------------
   Disposal of Office Furniture & Equip. . . . .               -                -              3,700
   Payable assumed for land purchase . . . . . .                          850,000            850,000
   Cash Loans from Officers                               31,787           34,724             66,511
   Increase (decrease) in Common Stock . . . . .               -          959,730          2,132,709
                                                  ---------------  ---------------    ---------------

Net cash provided by Financing Activities. . . .          31,787        1,844,454          3,052,920
                                                  ---------------  ---------------    ---------------

Increase (decrease) in Cash. . . . . . . . . . .          (2,439)           2,553)             1,703

Cash at Beginning of Period. . . . . . . . . . .           4,142            1,589                  -
                                                  ---------------  ---------------    ---------------

Cash at End of Period. . . . . . . . . . . . . .  $        1,703   $        4,142     $        1,703
                                                  ===============  ===============    ===============
</TABLE>
The accompanying notes are an integral part of these financial statements.

                                                                             F-6
<TABLE>
<CAPTION>
                       GLOBAL LINKS CORP.
               (A Development Stage Enterprise)
  CONSOLIDATED  STATEMENT  OF  CHANGES  IN  STOCKHOLDERS'  EQUITY
         For the Years ended December 31, 2001, 2002 and 2003




                                    Common Stock                  Preferred Stock           Paid-in      Retained       Total
                                 Shares       $                  Shares      $              Capital      Earnings       Equity
                                -----------  -----------------  ----------  ------------  -----------  ------------  --------

<S>                           <C>            <C>                <C>         <C>           <C>          <C>           <C>

Balance 12/31/00 . . . . . .       128,759   $            129            -             -   $1,172,850  $  (127,463)  $1,045,516
                              =============  =================  ==========  ============  ===========  ============  ===========

Shares lost due to reverse
   Stock split rounding. . .            (7)                 -           -             -             -            -            -

Net Income . . . . . . . . .                                                                            (1,099,426)  (1,099,426)

Balance 12/31/01 . . . . . .       128,752   $            129            -             -   $1,172,850  $(1,226,889)  $  (53,909)
                              =============  =================  ==========  ============  ===========  ============  ===========
Stock issued for Services. .       174,373                174           -             -             -      167,024   $  167,198

Net Income (Loss). . . . . .             -                  -            -             -            -     (347,501)    (347,501)

Balance 12/31/02 . . . . . .       303,125                303            -             -    1,339,874  $(1,574,390)  $ (234,213)
                              =============  =================  ==========  ============  ===========  ============  ===========

Stock issued for Services. .     7,278,750              7,279            -             -      592,171            -  $   599,450

Stock split Odd-lot adj. . .            (1)                 -            -            -             -            -            -

Stock issued for conversion
   of debt . . . . . . . . .       390,925                391      335,000          335        18,261            -  $    18,987

Shares issued for
   acquisition of assets. . .   30,000,000             30,000    3,000,000        3,000       963,370      (58,768)    $937,602

Net Income (Loss). . . . . .             -                  -            -            -             -     (677,114)    (677,114)

Balance 12/31/03 . . . . . .    37,972,799             37,973    3,335,000        3,335     2,913,676  $(2,310,271)    $644,712
                              =============  =================  ==========  ============  ===========  ============  ===========

Number of shares issued reflects a 3 for 1 forward
stock split effected October 4, 2000, a 1 for 8 reverse stock split effected December 21, 2001, and
a 1 for 40 reverse stock split effected April, 16, 2003.

</TABLE>


The accompanying notes are an integral part of these financial statements.

                                       F-7

<PAGE>

                                   GLOBAL  LINKS  CORP.
                          (A  Development  Stage  Enterprise)
                     NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
                             December  31,  2002  and  2003



1.  ORGANIZATION
-------------------------


Global  Links corp.  (hereinafter  referred to as the "Company") was formed as a
corporation  under  the laws of the State of Nevada in 1952 under the name "Blue
Jacket  Mining Company."  In December 1994 the Company's shareholders approved a
reverse  merger  with  United  Casino Corporation, a Nevada Corporation, and the
Company's  name  was  changed  at  that  time to United Casino Corporation.  The
Company then pursued the general business objectives of providing consulting and
product  support  for  the entertainment industry particularly as applied to the
world wide Internet. In August, 2000, the name was changed to United Trading.Com
to  reflect  the change in business to encompass a broader e-commerce visibility
on  the Internet.  In December 2002, the shareholders approved another change in
the Company's name to Global Links Corp. to reflect the Company's entry into the
Electronic Transaction Business. Comparative numbers for the year ended December
31, 2002,  and  the Inception to date data have been restated to include Capitol
Group  Holdings  financial results as though  the  acquisition/merger  had taken
place  at  the  beginning  of  the  year  2002.


2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
    ------------------------------------------

  a.  Estimates  and  Assumptions
     The  preparation  of  financial  statements  in  conformity  with generally
     accepted  accounting  principles  requires management to make estimates and
     assumptions  that affect the reporting amount of assets and liabilities and
     disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
     financial  statements  and  the  reported  amounts of revenues and expenses
     during  the  reporting  period.  Actual  results  could  differ  from those
     estimates.

  b.  Investments
     Investments are carried at cost except, where in the opinion of management,
     there has been a loss in value other than a temporary decline in which case
     the  carrying  value  is  reduced  to  its  estimated  value.

  c.  Income  Taxes
     The  Company  provides  for  income  taxes  in accordance with Statement of
     Financial Accounting Standards No. 109, which requires the use of the asset
     and   liability  method  and  recognizes  deferred  income  taxes  for  the
     consequences  of  "temporary differences" by applying enacted statutory tax
     rates  applicable  to  future  years  to  differences between the financial
     statement  carrying  amounts  and  the  tax  bases  of  existing assets and
     liabilities.

                                       F-8

<PAGE>


                                   GLOBAL  LINKS  CORP.
                           (A  Development  Stage  Enterprise)
                      NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
                             December  31,  2002  and  2003

3.  RELATED  PARTY  TRANSACTIONS
    --------------------------

During  2002  and 2003, Mr. James Brewer made cash loans to the Company totaling
approximately  $63,000,  and  personally  paid  corporate  costs  totaling
approximately  $86,400.  In  September,  2003,  Mr.  Brewer  agreed to forgo the
repayment  of  a  total of $130,000 of these receivables in exchange for certain
consulting  services  by  the Company.  The company believes that the consulting
services  provided to Mr. Brewer did not exceed the $130,000 paid by Mr. Brewer.
The total sum of $130,000 were accordingly treated as consulting revenues in the
third  quarter  of  2003  and  reported  as  such.


4.  PREFERRED  STOCK
    ---------------

On  December  14,  2001,  the  Board  of Directors approved the establishment of
5,000,000  shares  of  Series  A  Convertible  Preferred Stock, and approved the
issuance  of  3,530,000  shares of such stock to Mr. James Brewer, the president
and  CEO  of  the  Company,  490,000  shares each to three other individuals. In
April, 2003, Mr. Brewer exercised his option to purchase 3,350,000 these shares.
The  Board  of  Directors  subsequently  authorized  the  issuance  of  Series B
Convertible  Preferred  Stock and authorized Mr. Brewer to exchange the series A
Convertible  Preferred  Stock  for  Series  B Convertible Preferred Stock of the
basis  of  one  share of Series B for each 10 shares of Series A converted.  The
Series  B  Convertible  Preferred  Stock  contains  the  following  features:
   8%  non-cumulative  dividend
   Each  share  entitled  to  20  votes
   Each issued share convertible, at any time, at the option of the holder, into
      the  corporation's  common  stock  at  ten  common  shares  for each class
      "B"  preferred  share  held
   The  common  share  conversion feature is not subject to dilution as a common
      stock  equivalent
   Payment  of  any dividends on Class "B" preferred stock is subject to and not
      in  excess  of  dividends  on  the corporation's common stock based on the
      factor (one  for  ten)  into  which  the  Class  "B"  preferred shares are
      entitled  to  convert  into  the  corporation's  common  stock.

At  December 31, 2003 there were, 3,335,000 Series B Preferred Shares issued and
outstanding,  and  no  Series  A  Preferred  Shares  issued  or  outstanding.



                                      F-9

<PAGE>




                                  GLOBAL  LINKS  CORP.
                         (A  Development  Stage  Enterprise)
                   NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
                           December  31,  2002  and  2003


5.  COMMON  STOCK
    ---------------------------

The  Company  effected  a  reverse  split  of  its  common  stock  on
the  basis  of  1  share  for each eight shares of issued and outstanding common
stock  outstanding effective December 21, 2001.  The  authorized  capitalization
of  the Company remained unchanged, with 50,000,000  (par  value  $0.001) common
shares  and  20,000,000  (par  value  $0.001)  preferred  stock  authorized.  In
December  2002,  the shareholders authorized an increase  in  authorized  shares
to  550,000,000 shares consisting of 500,000,000 shares  of  common  stock,  par
value  $0.001 and 50,000,000 shares of preferred stock,  par  value  $0.001.  At
December  31,  2003,  there were 37,972,000 common shares issued and outstanding
During  the  year  ended  December  31,  2003, the  company  made  sales  of its
common  stock  to  the  following  entities:

Entity  or  Group      Number of Shares*           Per share price determination
-----------------      ----------------            -----------------------------

Various Corp.             7,278,750                $0.082  - Board determination
Consultants                                        closing  price  previous
                                                   trading  day

James  Brewer  Corp.
officer                     390,925  (Restricted)  $0.04  - Board  determination
                                                   closing  price  previous
                                                   trading  day

Acquisition  of  Capitol
  Group Holding Co.      30,000,000  (Restricted)  $0.033  - Board determination
                                                   Net  Value of assets acquired

No  additional  shares  were  issued  during  the  year ended December 31, 2003.

Stock  Options  and  Warrants
-----------------------------
In  December  2001,  the  Company  granted  Mr. James Brewer options to purchase
12,500  shares,  and  Mr.  James  Hancock  options  to  purchase  2,500  shares
(adjusted for the one for eight reverse stock split effective December 21, 2001,
and  a  one  for  forty  reverse  stock  split effective April 16, 2003) of  the
Company's  common  stock  at  an exercise price of $4.00 per share. Mr. Brewer's
option  is  Still  outstanding  at  December 31, 2003, and is exercisable at any
time prior to  December  14, 2006. Mr. Hancock has resigned from the Company and
his  option  has  been  cancelled.  The  Company  has  adopted  the  disclosure
only  provisions  of  SFAS  123.



                                       F-10

<PAGE>

                                  GLOBAL  LINKS  CORP.
                         (A  Development  Stage  Enterprise)
                   NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
                           December  31,  2002  and  2003


For  disclosure  of stock option compensation to the above individuals, the fair
value  of  options  is  estimated  on  the date of grant using the Black-Scholes
option  pricing  model  with the following weighted average assumptions used for
stock  options  granted  during  fiscal  2001:  no  annual  dividends,  expected
volatility of 50%; risk-free interest rate of 6%; and expected lives of 5 years.

The  weighted  average  fair  value  of  stock  options granted to employees and
officers  during  the  fiscal year 2001 was approximately $0, however the option
granted  to  Mr.  Brewer  to receive a portion of his unpaid salary in stock was
valued  at  December  31, 2003 at $91,813. Accordingly, the Company's  pro forma
loss  and  net  loss per share for the year ended December 31, 2003 would be  as
follows:


                                                    Year  Ended
                                                 December  31,  2003

Net  loss  applicable  to  common  shares:

                          As  reported          $       (677,114)
                                               =================

                          Pro  forma            $       (768,927)
                                               =================

Net  loss  per  common  share:

                          As  reported          $         (0.020)
                                               =================

                          Pro  forma            $         (0.023)
                                               =================




                                       F-11

<PAGE>

ITEM  8.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS.
        ---------------------------------------------

There  have  not  been  any  changes  in  or  disagreements  with  Accountants.

ITEM  8a.  CONTROLS  AND  PROCEDURES.
          ------------------------
The  principal  executive  and  financial  officer  of  the Company reviewed and
evaluated  the  effectiveness  of  the  design  and  operation of our disclosure
controls  and  procedures  (as  defined  in  Exchange  Act Rule 15d-15(e)) as of
December  31,  2003.  There are inherent limitations to the effectiveness of any
system of disclosure controls and procedures, including the possibility of human
error  and  the  circumvention  or  overriding  of  the controls and procedures.
Accordingly,  even effective disclosure controls and procedures can only provide
reasonable assurance of achieving their control objectives. Based upon and as of
the  date  of  the  evaluation,  our  principal  executive and financial officer
concluded  that  the  design  and  operation  of  our  disclosure  controls  and
procedures  were  effective  in  all  material  respects  to  provide reasonable
assurance  that  information required to be disclosed in the reports we file and
submit  under  the  Securities  Exchange  Act  of  1934  is recorded, processed,
summarized  and  reported  as and when required. There has been no change in our
internal control over financial reporting during the fourth quarter of 2003 that
has  materially  affected,  or  is  reasonably  likely to materially affect, our
internal  control  over  financial  reporting.

CHANGES  IN  INTERNAL CONTROLS. Our principal executive and financial officer is
responsible  for establishing and maintaining adequate internal control over our
financial  reporting.  Our  principal  executive and financial officer concluded
that  our  internal controls over financial reporting were effective. There were
no  significant  changes  in  our  internal controls over financial reporting or
other  factors  that could significantly affect those controls during our fourth
fiscal  quarter  of the Year 2003 that has materially affected, or is reasonably
likely  to  materially  affect  our  internal controls over financial reporting.



                                    PART  III

ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS,  AND  CONTROL  PERSONS.
         --------------------------------------------------------------

This  table  describes  the  Company's  current  Directors  and  Executive
Officers.

                  NAME                       AGE                TITLE
----------------------------------------     ---               -------
Frank  L. Dobrucki                            44     President, Chief Executive
                                                     Officer  and  Director

Frank  J  Dobrucki, President, CEO and Director. Mr. Dobrucki has been the chief
executive  officer  and a director of the Company since April, 2003. He has been
president,  chief  executive  officer  and  a director of Capitol Group Holdings
Corporation  since  March 2000. Mr. Dobrucki has over twenty years of experience
in  the  real  estate  foreclosure  industry,  serving  in  executive management
positions  with  several  real  estate  trustee  ventures and as a banking, loan
dissolution  consultant.

There  are  no  family  relationships  among any of the Registrant's officers or
directors.
No director, executive officer, promoter or control person of the Company during
the  past  five  years  has  had  any  involvement  in  any legal proceedings as
described  in  Item  401  (d)  of  Regulation  S-B.

                                       7

<PAGE>

SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE
-------------------------------------------------------

All  required  reports  have  been  filed  timely

CORPORATE  CODE  OF  ETHICS.
-------------------------
In  addition  to the Code of Business Conduct and Ethics of Indiginet, Inc. (the
"Company") that apply to all employees and directors of the Company, the CEO and
all  financial  officers,  including  the  principal  financial  officer and the
principal  accounting  officer,  are  bound  by  the  provisions  set out below.
Collectively the Officers of the Company to whom this Code of Ethics applies are
called  "the  Officers".

     1.  The  Officers  are  responsible  for  full,  fair, accurate, timely and
     understandable disclosure in all periodic reports and financial disclosures
     required  to  be  filed  by  the  Company  with  the  SEC  or  disclosed to
     shareholders  and/or  the  public.

     2.  Therefore, the Officers shall immediately bring to the attention of the
     Audit  Committee,  [or  Disclosure  Compliance  Officer],  any  material
     information  of  which  the  employee  becomes  aware  that  affects  the
     disclosures  made by the Company in its public filings and assist the Audit
     Committee  [or  Disclosure  Compliance  Officer]  in  fulfilling  its
     responsibilities  for  full,  fair,  accurate,  timely  and  understandable
     disclosure  in  all  periodic  reports  required  to be filed with the SEC.

     3.  Each  of  the  Officers shall immediately bring to the attention of the
     Audit  Committee  [or Disclosure Compliance Officer] any information he may
     have  concerning:

          (a)  defects,  deficiencies, or discrepancies related to the design or
          operation  of internal controls which may affect the Company's ability
          to  accurately  record,  process,  summarize,  report and disclose its
          financial  data  or

          (b)  any  fraud,  whether or not material, that involves management or
          other  employees who have influential roles in the Company's financial
          reporting,  disclosures  or  internal  controls.

     4. The Officers shall promptly notify the Company's General Counsel, or the
     CEO  as  well  as the Audit Committee of any information he or she may have
     concerning  any  violation  of  the Company's Code of Ethics, including any
     actual  or apparent conflicts of interest between personal and professional
     relationships,  involving  any  management  or  other  employees who have a
     significant  role  in  the  Company's  financial  reporting, disclosures or
     internal  controls.

     5.  The  Officers  shall  immediately bring to the attention of the General
     Counsel  or  the  CEO and the Audit Committee any information he or she may
     have concerning evidence of a material violation of the securities or other
     laws,  rules  or  regulation applicable to the Company and the operation of
     its  business,  by  the  Company  or  any  agent  of  the  Company.

     6. The Board of Directors shall determine, or designate appropriate persons
     to  determine,  the  appropriate  actions  to  be  taken  in the event of a
     reported  violation  of  the  Code  of  Ethics.  The actions taken shall be
     designed to deter wrongdoing and to promote accountability for adherence to
     the  Code  of  Ethics.  Such  action  may  include  a written notice to the
     individual  involved  that  the  Board has determined that there has been a
     violation,  censure  by  the  Board,  demotion  or  re-assignment  of  the
     individual  involved,  suspension without pay or benefits (as determined by
     the  Board)  and  termination  of  employment.

                                       8

<PAGE>


In  determining  what  action should be taken, the Board, or its designee, shall
take  into  account  all  relevant  information,  including

     -  the  nature  and  severity  of  the  violation,

     -  whether  the violations was a single occurrence or repeated occurrences,

     -  whether  the  violation appears to have been intentional or inadvertent,

     -  whether  the  individual  in  question  had  been  advised  prior to the
        violation  as  to  the  proper  course  of  action  and

     -  whether or not the individual in question has committed other violations
        in  the  past.


ITEM.  10  EXECUTIVE  COMPENSATION
          ----------------------

The  following  table  sets forth the compensation of Global Links Corp.'s chief
executive  officer  for  the  periods  indicated.


<TABLE>
<CAPTION>
               SUMMARY  COMPENSATION  TABLE

               -------Annual  Compensation-------               -----Long-term  Compensation-----

                                            Other                 Securities
                                           Annual     Restricted   Underlying               All Other
Name and                                   Compen-      Stock      Options/      LTIP       Compen-
Principal               Salary    Bonus    sation     Award(s)       SAR's      Payouts     sations
Position       Year       $         $         $           $            #           $           $
(a)            (b)       (c)       (d)       (e)         (f)          (g)         (h)         (I)
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------
<S>          <C>       <C>       <C>      <C>        <C>          <C>          <C>        <C>

J. Hancock
President/
CEO         July 24, 2001
                Thru
COO     Dec. 13, 2001    $1,000        0          0            0        2,500          0            0
                 2002   $10,000        0          0       $8,750            0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

J. Brewer
President, CEO
CFO        Dec 14, 2001
               Thru
         Dec 31, 2001  $10,000         0          0            0    1,012,500          0            0
                2002  $135,000         0    $18,043      $13,748    4,312,500          0            0
         2003 thru
            April 30   $45,000         0    $ 6,677            0    1,750,000          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

F. Dobrucki  (see note below)
President, CEO
         May 1, 2003
           Thru
        Dec. 31, 2003 $     0          0          0            0            0          0            0
-----------  --------  --------  -------  ---------  -----------  -----------  ---------  -----------

Number of shares and exercise price reflect 1 for 8 reverse stock split effective December 21, 2001,
and 1 for 40 reverse stock split effective April 16, 2003.

</TABLE>
                                       9

<PAGE>

Note: Mr. F. Dobrucki entered into a five year employment agreement with Capitol
Group  Holdings  Corporation, dated July 1, 2002 calling for annual compensation
of  $156,000  plus  a  cash  bonus  of  from $50,000 to $100,000 per year, which
agreement  was  assumed  by  the  Company  in  April,  2003. The Company and Mr.
Dobrucki  agreed in December,2003 to forgo the compensation for 2003 in exchange
for  4,000,000  shares  of  Series  B  Preferred  Stock, and cancellation of the
Agreement  for  the remaining contract period, to be replaced by a new agreement
at a future date. There being no market for the preferred shares, the stock will
be  valued  at  the  par  value  of  $0.001  per  share (total value $4,000) for
accounting  purposes.  At December 31, 2003, the shares had not been issued, but
were  issued  in  January,  2004.



                             Option/SAR  Grants  in  Last  Fiscal  Year
                                     Individual  Grants

<TABLE>
<CAPTION>

                Number of Securities        % of Total Options/SARs          Exercise or
              Underlying Options/SARS       Granted to Employees in          Base Price    Expiration
Name               Granted (#)                   Fiscal Year
<S>         <C>                           <C>                              <C>             <C>
------------    ---------------------       -----------------------        -------------    ----------
James G. Brewer
   CEO, CFO
   and Director              -                      -%

James L. Hancock
   Director and
   Former President
   and CEO                   -                      -%




</TABLE>

Mr. James Brewer entered into a three year consulting agreement with the company
Effective  October  1,  2001, which agreement was cancelled on December 14, 2001
and  replaced  by  a  three year employment agreement effective December 1, 2001
calling for salary of $10,000 per month through September, 30, 2002, $11,250 per
month  from  October 1, 2002 through September 30, 2003, $12,500 per month, from
October  1,  2003 through September 30, 2004, and $15,000 per month from October
1,  2004  through  November  30,  2004.  However,  Mr. Brewer has resigned as an
officer  of  the  Company effective May 1, 2004, and therefore it is believed by
the  Company  that no additional amounts are due Mr. Brewer after that date.  No
cash  payments  have  been  made  to  Mr.  Brewer  on  either  the  consulting
agreement  or  the  employment  agreement,  however, Mr. Brewer received 390,925
shares of the Company's common stock equivalent to $15,637 as partial payment of
amounts  due  Mr.  Brewer  under  the  employment  agreement.  Mr.  Brewer  also
received  an  option  to  purchase  12,500  shares  of  the  Company's  common
restricted  stock  at  an  option price of $4.00 per share  exercisable  at  any
time  prior  to  December  15,  2006.  Mr.  Brewer's  employment  agreement
authorizes  Mr. Brewer to receive stock in lieu of payment for salary amounts in
excess  of  $6,000  per  month.  At  December  31, 2003, $84,750 of Mr. Brewer's
accrued  unpaid  salary  may be received in restricted common stock at  a  price
equal  to  60%  of  the closing price on the day Mr. Brewer elects to take  such
salary  in  the  form  of  stock.  Based  on  the  Closing  price  of  the
Company's  common  stock  on December, 31, 2003, of $0.02 per share, an exercise
price  of  $0.012  is included in the table above. Other Annual Compensation for
Mr.  Brewer  as reflected  in  Col.  (e) of the Summary Compensation Table above
also  remains  accrued  but  unpaid  as  of  December  31,  2003.

                                       10

<PAGE>


-     COMPENSATION  OF  DIRECTORS
      -------------------------
Prior  to  December,  2001 there were no standard arrangements pursuant to which
the  Company's  directors were to be compensated. In December, 2001 the Board of
Directors  approved  a  resolution  under which non-employee Directors are to be
paid  $500  per month for their services. In addition, Directors are entitled to
reimbursement  in  accordance  with  the  Company's  policies  for  traveling,
entertainment  and  any  other  expenses  reasonably incurred and related to the
performance  of  a  Director's  duties  and  responsibilities  on  behalf  of
Corporation.  Such fees are in lieu of any payments for attendance at Directors'
meetings.  There  are  no other  arrangements  pursuant  to  which  any  of  the
Company's  directors  were  otherwise  compensated  during  the  last  three
fiscal  years  for  any  service  provided  as  director.



ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND MANAGEMENT.
          --------------------------------------------------------------

This  table  describes  the  ownership  at  December  31,  2002 of the Company's
outstanding  common  stock by: (i) each of the Company's Officers and Directors;
(ii)  each  person  who  is  known  by  the  Company  to own more than 5% of the
Company's  outstanding  common  stock;  and  (iii) all of the Company's Officers
and  Directors  as  a  group:

<TABLE>
<CAPTION>
TITLE OF         NAME AND ADDRESS OF          AMOUNT AND NATURE OF    PERCENT OF
CLASS             BENEFICIAL OWNER            BENEFICIAL OWNERSHIP       CLASS
<S>       <C>                                <C>                      <C>
                                                     (Common Shares)
          Principle Shareholders
          ---------------------------------   ----------------------   ---------
Common    U.S. Microbics Inc.                             2,400,000      6.3%
Stock     5922-B Farnsworth Court
          Carlsbad, CA 92008
          ---------------------------------
Common    U.S. Capital Group Inc.                         3,600,000      9.5%
Stock     5922-B Farnsworth Court
          Carlsbad, CA 92008
          ---------------------------------
Common    __________________________
Stock     __________________________
          __________________________                         _________     ____%
          ---------------------------------


Series B  James G. Brewer                                   335,000     10.0%
Convert.  1280 Bison, Suite B9-529
Preferred Newport Beach, CA 92660

          ---------------------------------

          Officers Directors:
          ---------------------------------
Common    Frank Dobrucki                                  3,910,000     10.3%
Stock     4600 E. Sunset Rd., # 320
          Henderson, NV 89014
          ---------------------------------

Common    All Officers and Directors
stock     as a group (1 person)                            3,910,000     10.3%
          ---------------------------------                =========     ======

                                       11

<PAGE>


Series B  Frank J. Dobrucki (see note below)               2,550,000     76.5%
Convert   4600 E. Sunset Rd., # 320
Preferred Henderson, NV 89014
          ---------------------------------
Series B  All Officers and Directors
Convert   as a group (1 person)
Preferred                                                  2,550,000     76.5%
          ---------------------------------                =========     ======

Note: Mr. F. Dobrucki entered into a five year employment agreement with Capitol
Group  Holdings  Corporation, dated July 1, 2002 calling for annual compensation
of  $156,000  plus  a  cash  bonus  of  from $50,000 to $100,000 per year, which
agreement  was  assumed  by  the  Company  in  April,  2003. The Company and Mr.
Dobrucki  agreed in December,2003 to forgo the compensation for 2003 in exchange
for  4,000,000  shares  of  Series  B  Preferred  Stock, and cancellation of the
Agreement  for  the remaining contract period, to be replaced by a new agreement
at a future date. There being no market for the preferred shares, the stock will
be  valued  at  the  par  value  of  $0.001  per  share (total value $4,000) for
accounting  purposes.  At December 31, 2003, the shares had not been issued, but
were  issued  in  January,  2004.


</TABLE>

                Equity  Compensation  Plan  Information

                                                                 Number  of
                                                                 Securities
                                                                  Remaining
                    Number of                               available for future
                   Securities  to  be                            issuance  under
                    Issued  upon          Weighted-average          equity
                    Exercise  of         exercise  price  of        compensation
                    Outstanding            outstanding         plans  (excluding
                Options, warrants       options, warrants   securities reflected
                    And  rights             and rights            in column (a))
Plan  category           (a)                   (b)                     (c)
-------------   ------------------    -------------------   --------------------
Equity
Compensation  plans
approved  by
security  holders

-------------   ------------------    -------------------   --------------------
Equity
Compensation  plans
not  approved  by        7,075,000                 $0.019           71,115,000
security  holders  (see
Notes  below)

-------------   ------------------    -------------------   --------------------
Total
-------------   ------------------    -------------------   --------------------

Notes:
     (1)  Global  Links  2000  Stock Option Plan authorized 3,000,000 shares for
issuance to Employees, Directors and/or consultants. Options to purchase 600,000
of  these  shares  were  been  awarded to directors of the Company at a price of
$0.10  per  share  prior  to  the  reverse 1/40 reverse split effected in April,
2003.  Options for 100,000 shares were surrendered, and 500,000 shares have been
adjusted  to  12,500  shares  at $4.00 per shares after adjustment for the stock
split.  This  plan  was  terminated  in  2002.

                                       12

<PAGE>

     (2)  In September, 2002, an Employee Stock Incentive Plan For The Year 2002
was  approved  and  the  issuance  of  1,000,000  common  shares was authorized.
The plan allows for issuance of common stock to employees as an incentive.  Such
stock  is  to  be  purchased  at the fair market value on the date of issue.  At
December  31, 2003, all 1,000,000 shares remained available for future issuance.
     (3) An Employment Agreement executed in December, 2001, between the Company
and  Mr. James Brewer authorize Mr. Brewer to receive stock in payment of salary
for  salary  amounts  in  excess  of $6,000 per month. Currently, $84,750 of Mr.
Brewer's  accrued  unpaid salary may be received in restricted common stock at a
price  equal  to  60%  of the closing price on the day Mr. Brewer elects to take
such  salary  in  the form of stock. Based on the Closing price of the Company's
common  stock  on  December,  31, 2003, of $0.02 per share, an exercise price of
$0.012  is  included  in  the  table  above.
     (4)  In  September, 2002, a Non-Employee Directors And Consultants Retainer
Stock  Plan  For The Year 2002 was approved and the issuance of 4,000,000 common
shares  was  authorized.  This  plan  is  designed  to  be  used  to  compensate
non-employees  and  non-employee  directors  for  their services to the Company.
None  of  these  shares  remain  available  for  December  31,  2003.
     (5)  In  December,  2002, a Non-Employee Directors And Consultants Retainer
Stock  Plan  For  The  Year 2002, #3 was approved and the issuance of 20,000,000
common  shares  was  authorized.  This plan is designed to be used to compensate
non-employees  and  non-employee  directors  for  their services to the Company.
None  of  these  shares  remain  available  at  December  31,  2003.
     (6)  In December 2001, the Board of Directors authorized Series A preferred
stock consisting 5,000,000 shares, and authorized the purchase of such shares by
4  individuals  at  a  price  of  $0.001  per  share.  One  of  the  options was
exercised  for a total of 3,500,000 shares was exercised, and the balance of the
options  were  terminated  as of December 31, 2003.  In June, 2003, the Board of
Directors authorized Series B preferred stock consisting of 5,000,000 shares and
offered an exchange of such shares to the holder of the Series A preferred stock
on  the  basis  of  one  share of Series B preferred stock for each 10 shares of
Series  A  preferred  stock  exchanged.  The  holder  of  Series A exchanged the
outstanding  series  A preferred shares for 335,000 shares of Series B preferred
Shares.


Item  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.
          ----------------------------------------------

During  2002  and 2003, Mr. James Brewer made cash loans to the Company totaling
approximately  $63,000,  and  personally  paid  corporate  costs  totaling
approximately  $86,400.  In  September,  2003,  Mr.  Brewer  agreed to forgo the
repayment  of  a  total of $130,000 of these receivables in exchange for certain
consulting  services by the Company.  The total sum of $130,000 were accordingly
treated  as  consulting  revenues  in  the third quarter of 2003 and reported as
such.

                                       13

<PAGE>


ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

a)  Exhibits


Exhibit
Number                                    Description  **                   Page
------                                    --------------                    ----
     2.1*                     Plan  and  Agreement  of Triangular Merger
                              between  the  registrant  and  its wholly-
                              owned  subsidiary,  Global  Links  Capital
                              Group,Inc.,  and  Capitol  Group  Holdings
                              Corporation  dated  June  16,  2003

     3.1*                     Amended  and  Restated  Articles  of
                              Incorporation,  For  Global  Links  Corp.

     3.2*                     By-Laws as restated for Global Links Corp.

     4.1*                     Rights,  Preferences,  Privileges  and
                              Restrictions  Series  "A"  Convertible
                              Preferred  Stock

     4.2                      Rights,  Preferences,  Privileges  and
                              Restrictions  Series  "B"  Convertible
                              Preferred  Stock                                18

     10.1*                    United  Trading.Com  Employee  Stock
                              Incentive  Plan  For  The  Year  2002

     10.2*                    United  Trading.Com Non-Employee Directors
                              And  Consultants  Retainer  Stock Plan For
                              The  Year  2002

     10.3*                    United  Trading.Com Non-Employee Directors
                              And  Consultants  Retainer  Stock Plan For
                              The  Year  2002  No.  3

     10.4*                    Global  Links  Corp.  Employee  Stock
                              Incentive  Plan  for  the  Year  2003

     10.5*                    Global  Links Corp. Non-Employee Directors
                              and  Consultants  Retainer  Stock Plan for
                              Year  2003

     19.1                     List  of  subsidiaries                          21




*  Exhibits  were  previously  filed.

** Summaries of all Exhibits  contained within this  Registration  Statement are
modified  in  their  entirety  by  reference  to  these  Exhibits.


(b)  REPORTS  ON  FORM  8-K

There  have  been  no reports of Form 8-K made during the quarter ended December
31,  2003.

                                       14

<PAGE>


ITEM  14  PRINCIPAL  ACCOUNT  FEES  AND  SERVICES


----------
Aggregate  fees  billed  for  each of the last two fiscal years for professional
services  rendered by the principal accountant for the audit of the registrant's
annual  financial  statements and review of financial statements included in the
registrant's  Form  10Q or services that are normally provided by the accountant
in  connection  with  statutory  and regulatory filings or engagements for those
fiscal  years  are  as  follows:

                                   December  31,  2002     December  31,  2003
                                   ------------------   -------------------
Audit  Fees                             $1,625                   $1,250

Audit-Related  Fees                       None                     None

Tax  Fees                           Not  broken  out        To be determined

All  Other  Fees                           None                    None

Audit  Committee's  pre-approval  policies  and  procedures:  Not  applicable



                                 SIGNATURES


IN  accordance  with  Section  13  or  15(d) of THE Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                   GLOBAL  LINKS  CORP.
                        ---------------------------------------------------
                                  (Registrant)



                    By:      s/Frank  J.  Dobrucki,  President  and  Director
                        -------------------------------------------------


                    Date:  April  14,  2004
                          ----------------



                                       15

<PAGE>

                  CERTIFICATION  PURSUANT  TO
         SECTION  302  OF  THE  SARBANES-OXLEY  ACT  OF  2002



     I,  Frank  J. Dobrucki, Chief Executive Officer and Chief Financial Officer
Of  Global  Links  Corp.,  certify  that:

     1.   I  have  reviewed  this  Annual  Report on Form 10-KSB of Global Links
Corp.

     2.   Based  on my knowledge, this Annual Report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not  misleading  with  respect to the period covered by this Annual
Report;

     3.   Based  on  my knowledge, the financial statements, and other financial
information  included  in  this  Annual  Report,  fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
Registrant  as  of,  and  for,  the  periods  presented  in  this Annual Report;

     4.   I  am responsible for establishing and maintaining disclosure controls
and  procedures  (as  defined  in  Exchange Act Rules 13a-14 and 15d-14) for the
Registrant  and  have:

     a)   designed  such  disclosure  controls  and  procedures  to  ensure that
material  information  relating  to  the  Registrant, including any consolidated
subsidiaries,  is made known to me by others within those entities, particularly
during  the  period  in  which  this  Annual  Report  is  being  prepared;

     b)   evaluated  the  effectiveness  of the Registrant's disclosure controls
and  procedures  as  of  a  date within 90 days prior to the filing date of this
Annual  Report  (the  "Evaluation  Date");  and

     c)   presented in this Annual Report my conclusions about the effectiveness
of  the  disclosure  controls  and  procedures  based on my evaluation as of the
Evaluation  Date;

     5.   I  have  disclosed,  based  on  my  most  recent  evaluation,  to  the
Registrant's  auditor  and  the  Registrant's  board  of  directors  (or persons
performing  the  equivalent  function);

     a)   all  significant  deficiencies  in the design or operation of internal
controls  which  could  adversely  affect  the  Registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
Registrant's  auditors  any  material  weaknesses  in  internal  controls;  and

     b)   any  fraud, whether or not material, that involves management or other
employees who have a significant role in the Registrant's internal controls; and

<PAGE>

     6.     I  have  indicated  in  this Annual Report whether or not there were
significant  changes  in  internal  controls  or  in  other  factors  that could
significantly  affect internal controls subsequent to the date of my most recent
evaluation,
including  any  corrective  actions  with regard to significant deficiencies and
material  weaknesses.

Dated:  April  14,  2004         Signature:  /s/  Frank  J.  Dobrucki
                                           ----------------------------------
                                           Frank  J.  Dobrucki
                                           Chief  Executive  Officer,  and
                                           Chief  Financial  Officer

                                       16

<PAGE>
                      CERTIFICATION  PURSUANT  TO
                        18  U.S.C.SECTION  1350
                        AS  ADOPTED  PURSUANT  TO
             SECTION  906  OF  THE  SARBANES-OXLEY  ACT  OF  2002


     In  connection with the Annual Report of Global Links Corp. (the "Company")
on  Form  10-KSB  for  the  year  ending  December  31,  2003, as filed with the
Securities  and  Exchange Commission on the date hereof (the "Report"), I, James
G.  Brewer,  Chief  Executive Officer, President, and Chief Financial Officer of
the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section  906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge
and belief: (1) The Report fully complies with the requirements of Section 13(a)
or  15(d)  of  the  Securities  Exchange  Act  of  1934;  and

     (2)  The  information  contained  in  the  Report  fairly  presents, in all
material  respects,  the  financial  condition  and  result of operations of the
Company.

     Dated:                               /s/  Frank  J.  Dobrucki
           April  14,  2004                 ----------------------------
                                          Frank  J.  Dobrucki,  Chief
                                          Executive  Officer,  President,
                                          and  Chief  Financial  Officer




                                       17

<PAGE>